Stability and Growth Pact

URI: https://gptkb.org/entity/Stability_and_Growth_Pact

GPTKB entity

Predicate	Object
gptkbp:instanceOf	gptkb:European_Union_law
gptkbp:abbreviation	SGP
gptkbp:adoptedBy	gptkb:European_Union 1997
gptkbp:appliesTo	EU member states eurozone countries
gptkbp:component	corrective arm preventive arm
gptkbp:correctiveArmKnownAs	gptkb:Excessive_Deficit_Procedure
gptkbp:criticizedFor	rigidity lack of enforcement procyclicality
gptkbp:debtLimit	60% of GDP
gptkbp:deficitLimit	3% of GDP
gptkbp:enforcedBy	gptkb:Council_of_the_European_Union gptkb:European_Parliament
gptkbp:legalBasis	gptkb:Treaty_on_the_Functioning_of_the_European_Union
gptkbp:proposedBy	gptkb:France gptkb:Germany
gptkbp:purpose	ensure fiscal discipline in the European Union
gptkbp:reasonForSuspension	gptkb:COVID-19_pandemic 2020
gptkbp:relatedTo	gptkb:Maastricht_criteria gptkb:Eurozone_crisis gptkb:European_Fiscal_Compact
gptkbp:setsLimit	government debt government deficit
gptkbp:updated	2005 2011 2013
gptkbp:bfsParent	gptkb:Economic_and_Monetary_Union_of_the_European_Union gptkb:European_Fiscal_Compact gptkb:European_Semester
gptkbp:bfsLayer	7
https://www.w3.org/2000/01/rdf-schema#label	Stability and Growth Pact